Speed Read

How Companies Can Manage Consumers’ Privacy Concerns in the Age of Digital Identity Solutions (PYMNTS, Jan 10, 2022)

Consumers have become dependent on digital interactions, and they are focusing more on privacy as a result. They want to feel secure and avoid processes that take too long when sharing their personal information, but their skepticism of technology can serve as a major stumbling block. One survey revealed that 82% of United States adults are concerned that their online data may not be secure and that 82% also would like to have a better understanding of the personal information companies have collected. In fact, just 39% said they know where their online data is stored. Regardless of their data-related concerns, 59% of consumers said they would be happy to allow companies greater access to their personal data if doing so gives them a better user experience. This means organizations stand to attract new customers — and engage and retain existing ones — if they can implement digital identity solutions that offer customers smooth onboarding and authentication experiences that do not skimp on security and privacy.


Feds' Spending On Facial Recognition Tech Expands, Despite Privacy Concerns (Cyberscoop, Jan 10, 2022)

The FBI on Dec. 30 signed a deal with Clearview AI for an $18,000 subscription license to the company’s facial recognition technology. While the value of the contract might seem just a drop in the bucket for the agency’s nearly $10 billion budget, the contract was significant in that it cemented the agency’s relationship with the controversial firm. The FBI previously acknowledged using Clearview AI to the Government Accountability Office but did not specify if it had a contract with the company. The FBI didn’t respond to a request for comment, but it isn’t the only federal law enforcement agency to ramp up its procurement of privately-owned facial recognition technologies in recent months.


OLA 2 Security Camera With Face Recognition, AI and More Hits Kickstarter (Geeky Gadgets, Jan 10, 2022)
If you are in the market for a new security camera you might be interested in the OLA 2 launched via Kickstarter this month offering, facial recognition, body movement analysis, fall, cry and panic detection as well as voice-activated search and more.

HashCash to Revolutionize Biometric Research in Blockchain-Based Digital Identity Creation (Benzinga, Jan 10, 2022)

Global blockchain development company HashCash Consultants announces a collaboration with a biometric research institution in blockchain-based digital identity creation. Incorporating the latest developments in biometric research and blockchain, HashCash's proposed solution is suitable for firms looking for secure options in identification. Innovations in digital identification will be the main focus of biometric research in the upcoming 5 years. Annual survey reports from the global biometric research firm confirm this, alluding to the fact that the global pandemic boosted worldwide biometric adoption.


GIPF Biometric Verification Remains Suspended (Namibian, Jan 10, 2022)

The Government Institutions Pension Fund (GIPF) will not require beneficiaries and members to make use of fingerprint verification to avoid the spread of Covid-19.According to a statement released on Monday, the fund said there is a need to protect its members from the virus. "In the fund's continued effort to protect our annuitants, particularly our pensioners, we would like to inform them that the biometrics verification remains suspended," the fund's manager of annuities, Ignatius Manyando, said in the statement. He said the suspension would in no way affect members' annuities, and beneficiaries would continue to receive their payouts as usual.


How Modern Technology Is Improving Identity Verification (The Liberaterian Republic, Jan 10, 2022)

One of the most powerful and secure ways modern technology has improved identity verification is through biometric authentication systems.  Biometric authentication technologies rely on unique human features such as fingerprints, iris, retina, and voice to determine an individual’s identity, significantly reducing the risk of identity theft. A user has to pass through security processes directly to verify their identity, reducing the probability of dealing with the wrong person. Thanks to modern technology, access to biometric authentication systems has become more straightforward, as smartphones now come with facial recognition and fingerprint scanners.


U.S. News & World Report Names IDShield Among Best Identity Theft Protection Services of 2022 (Business Wire, Jan 10, 2022)
IDShield, a PPLSI cybersecurity brand empowering a better tomorrow with identity theft solutions, privacy, and reputation management services for individuals and families, has been recognized as one of the Best Identity Theft Protection Services of 2022 by U.S. News & World Report’s 360 Reviews team. U.S. News’ online guide features in-depth information on choosing an identity theft protection service and covers a range of topics including price and privacy protection policies. Of the leading identity theft companies analyzed, IDShield earned high ratings and accolades for its dark web, credit, social security, and social media monitoring, access to private investigators to help restore members’ identity, and family plans that allow for up to 10 dependents.


Identity Week America, October 4 -5, 2022 (Terrapin, Jan 10, 2022)
IDENTITY WEEK is the most important identity event in the USA. IDENTITY WEEK is a conference and exhibition bringing together the brightest minds in the identity sector to promote innovation, new thinking, and more effective identity solutions. Key areas of focus include secure physical credentials, digital identity, and advanced authentication technologies, such as biometrics.


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